Triangle Energy Global : Cliff Head Production Exceeding 1000bopd

ASX Announcement

19 December 2019

ASX:TEG

CLIFF HEAD PRODUCTION

EXCEEDING 1000 BOPD

Experienced Perth Basin oil producer Triangle Energy (Global) Limited (Triangle/ the Company) (ASX: TEG) is pleased to advise that production at Cliff Head is now exceeding 1000bopd.

As announced on 16 December 2019, the CH-13 well was returned to production on the evening of 13 December 2019 following the installation of an Electric Submersible Pump (ESP) replacement. The steady-state production rate for the field on 18 December 2019 was 1028bopd.

Figure 1: Unloading tubing from the Supply Vessel	Figure 2: Cliff Head - The Cliff Head Alpha platform with the
	workover unit installed

For more information:
Mr. Robert Towner	Mrs. Lucy Rowe
Managing Director	Company Secretary
E:[e-mail]	E: [e-mail]
Ph: [phone]	Ph: [phone]
General Shareholder Enquiries:	[e-mail]

Triangle Energy (Global) Limited ABN 52 110 411 428triangleenergy.com.au

Suite 2, 100 Havelock St, West Perth WA 6005 | PO Box 51 West Perth WA 6905 Australia

1. [phone]

About Triangle Energy (Global) Ltd

Triangle Energy (Global) Ltd is an ASX listed (ASX:TEG) oil producer and explorer based in Perth, Western Australia. The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant. Triangle also has a 50% share of the Mt Horner L7 production licence and a 45% share of the Xanadu-1 Joint Venture, both located in the Perth Basin. Triangle also has a substantial equity interest in State Gas Ltd (ASX:GAS), which has an 100% operating interest in the Reids Dome production licence (PL 231) in Queensland. The Company continues to assess acquisition prospects to expand its portfolio of assets.

Triangle Energy (Global) Limited ABN 52 110 411 428triangleenergy.com.au

Suite 2, 100 Havelock St, West Perth WA 6005 | PO Box 51 West Perth WA 6905 Australia

1. [phone]